Results for 'Hong Xiao'

111 found
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  1.  42
    全球华人和中国哲学的世界性.Chenyang Li & Hong Xiao - 2014 - 中山大学学报 54 (1):111-117.
    This paper explores the connections between being Chinese in various senses and the study of Chinese philosophy.
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  2.  27
    Chinese Diaspora as People of Their Own Countries and Chinese Philosophy as World Philosophy.Chenyang Li & Hong Xiao - 2013 - Chinese Studies 漢学研究 2:63-84.
    In this essay, we will follow Tang Junyi’s lead in exploring issues related to Chinese diaspora and Chinese philosophy. While we largely endorse Tang’s call for overseas Chinese to establish themselves in their adopted lands, we will argue for a more nuanced view on the identity of Chinese people outside China: they are not marginalized individuals scattered out of “homeland” China, rather they are people legitimately established in their own respective countries. In this connection, we will also advance a view (...)
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  3.  23
    China’s Meritocratic Examinations and the Ideal of Virtuous Talents.Chenyang Li & Hong Xiao - 2013 - In Daniel Bell & Chenyang Li (eds.), The East Asia Challenge for Democracy: Political Meritocracy in Comparative Perspective. pp. 340-362.
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  4.  75
    Ethics and Leadership: Hobbesian Men, Gilliganian Women, and Confucian Asians.Chenyang Li & Hong Xiao - 2005 - East-West Connections 5:107-144.
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  5. Belief and Cognitive Limitations.Weng Hong Tang - 2015 - Philosophical Studies 172 (1):249-260.
    A number of philosophers have argued that it is hard for finite agents like us to reason and make decisions relying solely on our credences and preferences. They hold that for us to cope with our cognitive limitations, we need binary beliefs as well. For they think that such beliefs, by disposing us to treat certain propositions as true, help us cut down on the number of possibilities we need to consider when we reason. But using Ross and Schroeder as (...)
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  6. Reliability Theories of Justified Credence.Weng Hong Tang - 2016 - Mind 125 (497):63-94.
    Reliabilists hold that a belief is doxastically justified if and only if it is caused by a reliable process. But since such a process is one that tends to produce a high ratio of true to false beliefs, reliabilism is on the face of it applicable to binary beliefs, but not to degrees of confidence or credences. For while beliefs admit of truth or falsity, the same cannot be said of credences in general. A natural question now arises: Can reliability (...)
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  7. A Note on the Definition of Physicalism.Ben Blumson & Weng Hong Tang - 2015 - Thought: A Journal of Philosophy 4 (1):10-18.
    Physicalism is incompatible with what is known as the possibility of zombies, that is, the possibility of a world physically like ours, but in which there are no conscious experiences. But it is compatible with what is known as the possibility of ghosts, that is, the possibility of a world which is physically like ours, but in which there are additional nonphysical entities. In this paper we argue that a revision to the traditional definition of physicalism designed to accommodate the (...)
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  8. HCI Model with Learning Mechanism for Cooperative Design in Pervasive Computing Environment.Hong Liu, Bin Hu & Philip Moore - 2015 - Journal of Internet Technology 16.
    This paper presents a human-computer interaction model with a three layers learning mechanism in a pervasive environment. We begin with a discussion around a number of important issues related to human-computer interaction followed by a description of the architecture for a multi-agent cooperative design system for pervasive computing environment. We present our proposed three- layer HCI model and introduce the group formation algorithm, which is predicated on a dynamic sharing niche technology. Finally, we explore the cooperative reinforcement learning and fusion (...)
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  9. Reliabilism and the Suspension of Belief.Weng Hong Tang - 2016 - Australasian Journal of Philosophy 94 (2):362-377.
    What are the conditions under which suspension of belief—or suspension, for short—is justified? Process reliabilists hold that our beliefs are justified if and only if these are produced or sustained by reliable cognitive processes. But they have said relatively little about suspension. Perhaps they think that we may easily extend an account of justified belief to deal with justified suspension. But it's not immediately clear how we may do so; in which case, evidentialism has a distinct advantage over reliabilism. In (...)
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  10.  66
    Vietnam’s COVID-19 Strategy: Mobilizing Public Compliance Via Accurate and Credible Communications.Hong Kong Nguyen & Tung Manh Ho - 2020 - ISEAS Perspective 2020 (69):1-14.
    • A number of reasons have been offered for Vietnam’s success in containing the COVID-19 pandemic during the first four months of 2020, including Vietnam’s experience in fighting epidemics and its single-party system which allows for timely and aggressive infection control. • Contentions that Vietnam’s measures, being dependent on its particular political and social structures, are not replicable elsewhere is incomplete, if not outright wrong. • Vietnam’s successful pandemic control required a high level of preparedness and a host of coordinated (...)
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  11. Policy Response, Social Media and Science Journalism for the Sustainability of the Public Health System Amid the COVID-19 Outbreak: The Vietnam Lessons.La Viet Phuong, Pham Thanh Hang, Manh-Toan Ho, Nguyen Minh Hoang, Nguyen Phuc Khanh Linh, Vuong Thu Trang, Nguyen To Hong Kong, Tran Trung, Khuc Van Quy, Ho Manh Tung & Quan-Hoang Vuong - 2020 - Sustainability 12:2931.
    Vietnam, with a geographical proximity and a high volume of trade with China, was the first country to record an outbreak of the new Coronavirus disease (COVID-19), caused by the Severe Acute Respiratory Syndrome Coronavirus 2 or SARS-CoV-2. While the country was expected to have a high risk of transmission, as of April 4, 2020—in comparison to attempts to contain the disease around the world—responses from Vietnam are being seen as prompt and effective in protecting the interests of its citizens, (...)
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  12. Transparency and Partial Beliefs.Weng Hong Tang - 2017 - Philosophy and Phenomenological Research 95 (1):153-166.
    How should we account for self-knowledge of our inner lives? Some have argued that just as we have various senses that allow us to perceive the environment, we have an inner sense that allows us to perceive our inner lives. But others find such a view implausible and think that there are other ways to account for self-knowledge. With respect to all-or-nothing beliefs, some have held that we may account for self-knowledge by appealing to the claim that such beliefs are (...)
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  13. Alchemy, Medicine, Religion in the China of A.D. 320: The Nei Pʻien of Ko Hung (Pao-Pʻu Tzu).Hong Ge - 1966 - Cambridge: Mass., M.I.T. Press.
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  14. Healthcare Consumers’ Sensitivity to Costs: A Reflection on Behavioural Economics From an Emerging Market.Quan-Hoang Vuong, Tung-Manh Ho, Hong-Kong Nguyen & Thu-Trang Vuong - 2018 - Palgrave Communications 4:70.
    Decision-making regarding healthcare expenditure hinges heavily on an individual's health status and the certainty about the future. This study uses data on propensity of general health exam (GHE) spending to show that despite the debate on the necessity of GHE, its objective is clear—to obtain more information and certainty about one’s health so as to minimise future risks. Most studies on this topic, however, focus only on factors associated with GHE uptake and overlook the shifts in behaviours and attitudes regarding (...)
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  15. Cultural Evolution in Vietnam’s Early 20th Century: A Bayesian Networks Analysis of Franco-Chinese House Designs.Quan-Hoang Vuong, Quang-Khiem Bui, Viet-Phuong La, Thu-Trang Vuong, Manh-Toan Ho, Hong-Kong T. Nguyen, Hong-Ngoc Nguyen, Kien-Cuong P. Nghiem & Manh-Tung Ho - manuscript
    The study of cultural evolution has taken on an increasingly interdisciplinary and diverse approach in explicating phenomena of cultural transmission and adoptions. Inspired by this computational movement, this study uses Bayesian networks analysis, combining both the frequentist and the Hamiltonian Markov chain Monte Carlo (MCMC) approach, to investigate the highly representative elements in the cultural evolution of a Vietnamese city’s architecture in the early 20th century. With a focus on the façade design of 68 old houses in Hanoi’s Old Quarter (...)
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  16. On How Religions Could Accidentally Incite Lies and Violence: Folktales as a Cultural Transmitter.Quan-Hoang Vuong, Ho Manh Tung, Nguyen To Hong Kong, La Viet Phuong, Vuong Thu Trang, Vu Thi Hanh, Nguyen Minh Hoang & Manh-Toan Ho - manuscript
    This research employs the Bayesian network modeling approach, and the Markov chain Monte Carlo technique, to learn about the role of lies and violence in teachings of major religions, using a unique dataset extracted from long-standing Vietnamese folktales. The results indicate that, although lying and violent acts augur negative consequences for those who commit them, their associations with core religious values diverge in the final outcome for the folktale characters. Lying that serves a religious mission of either Confucianism or Taoism (...)
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  17.  29
    A New Model for Pricing Collateralized Financial Derivatives.Tim Xiao - 2017 - Journal of Derivatives 24 (4):8-20.
    This paper presents a new model for pricing OTC derivatives subject to collateralization. It allows for collateral posting adhering to bankruptcy laws. As such, the model can back out the market price of a collateralized contract. This framework is very useful for valuing outstanding derivatives. Using a unique dataset, we find empirical evidence that credit risk alone is not overly important in determining credit-related spreads. Only accounting for both collateral arrangement and credit risk can sufficiently explain unsecured credit costs. This (...)
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  18. An Accurate Solution for Credit Valuation Adjustment (CVA) and Wrong Way Risk.Tim Xiao - 2015 - Journal of Fixed Incom 25 (1):84-95.
    This paper presents a Least Square Monte Carlo approach for accurately calculating credit value adjustment (CVA). In contrast to previous studies, the model relies on the probability distribution of a default time/jump rather than the default time itself, as the default time is usually inaccessible. As such, the model can achieve a high order of accuracy with a relatively easy implementation. We find that the valuation of a defaultable derivative is normally determined via backward induction when their payoffs could be (...)
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  19. On How Religions Could Accidentally Incite Lies and Violence: Folktales as a Cultural Transmitter.Quan-Hoang Vuong, Manh-Tung Ho, Hong-Kong T. Nguyen, Thu-Trang Vuong, Trung Tran, Khanh-Linh Hoang, Thi-Hanh Vu, Phuong-Hanh Hoang, Minh-Hoang Nguyen, Manh-Toan Ho & Viet-Phuong La - 2020 - Palgrave Communications 6 (1):82.
    Folklore has a critical role as a cultural transmitter, all the while being a socially accepted medium for the expressions of culturally contradicting wishes and conducts. In this study of Vietnamese folktales, through the use of Bayesian multilevel modeling and the Markov chain Monte Carlo technique, we offer empirical evidence for how the interplay between religious teachings (Confucianism, Buddhism, and Taoism) and deviant behaviors (lying and violence) could affect a folktale’s outcome. The findings indicate that characters who lie and/or commit (...)
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  20. Multi-Faceted Insights of Entrepreneurship Facing a Fast-Growing Economy: A Literature Review.Quan-Hoang Vuong, Viet Phuong La, Thu Trang Vuong, Phuong Hanh Hoang, Manh-Toan Ho, Manh Tung Ho & Hong Kong To Nguyen - 2020 - Open Economics 3 (1):25-41.
    This study explores entrepreneurship research in Vietnam, a lower-middle-income country in Southeast Asia that has witnessed rapid economic growth since the 1990s but has nonetheless been absent in the relevant Western-centric literature. Using an exclusively developed software, the study presents a structured dataset on entrepreneurship research in Vietnam from 2008 to 2018, highlighting: low research output, low creativity level, inattention to entrepreneurship theories, and instead, a focus on practical business matters. The scholarship remains limited due to the detachment between the (...)
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  21. An Open Database of Productivity in Vietnam's Social Sciences and Humanities for Public Use.Quan-Hoang Vuong, Viet-Phuong La, Thu-Trang Vuong, Manh-Toan Ho, Hong K. T. Nguyen, Viet-Ha T. Nguyen, Hiep-Hung Pham & Manh-Tung Ho - 2018 - Scientific Data (Nature) 5 (180188):1-15.
    This study presents a description of an open database on scientific output of Vietnamese researchers in social sciences and humanities, one that corrects for the shortcomings in current research publication databases such as data duplication, slow update, and a substantial cost of doing science. Here, using scientists’ self-reports, open online sources and cross-checking with Scopus database, we introduce a manual system and its semi-automated version of the database on the profiles of 657 Vietnamese researchers in social sciences and humanities who (...)
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  22. Finding Our Way Through Phenotypes.Andrew R. Deans, Suzanna E. Lewis, Eva Huala, Salvatore S. Anzaldo, Michael Ashburner, James P. Balhoff, David C. Blackburn, Judith A. Blake, J. Gordon Burleigh, Bruno Chanet, Laurel D. Cooper, Mélanie Courtot, Sándor Csösz, Hong Cui, Barry Smith & Others - 2015 - PLoS Biol 13 (1):e1002033.
    Despite a large and multifaceted effort to understand the vast landscape of phenotypic data, their current form inhibits productive data analysis. The lack of a community-wide, consensus-based, human- and machine-interpretable language for describing phenotypes and their genomic and environmental contexts is perhaps the most pressing scientific bottleneck to integration across many key fields in biology, including genomics, systems biology, development, medicine, evolution, ecology, and systematics. Here we survey the current phenomics landscape, including data resources and handling, and the progress that (...)
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  23. Comment: Affective Control of Action.Gregor Hochstetter & Hong Yu Wong - 2017 - Emotion Review 9 (4):345-348.
    This commentary challenges Railton’s claim that the affective system is the key source of control of action. Whilst the affective system is important for understanding how acting for a reason is possible, we argue that there are many levels of control of action and adaptive behaviour and that the affective system is only one source of control. Such a model seems to be more in line with the emerging picture from affective and movement neuroscience.
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  24. The “Same Bed, Different Dreams” of Vietnam and China: How (Mis)Trust Could Make or Break It.Hong-Kong T. Nguyen, Quan-Hoang Vuong, Manh-Tung Ho & Thu- Trang Vuong - manuscript
    The relationship between Vietnam and China could be captured in the Chinese expression of “同床异梦”, which means lying on the same bed but having different dreams. The two countries share certain cultural and political similarities but also diverge vastly in their national interests. This paper adds to the extant literature on this topic by analyzing the element of trust/mistrust in their interactions in trade-investment, tourism, and defense-security. The analysis shows how the relationship is increasingly interdependent but is equally fragile due (...)
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  25. Beauty Culture in Post-Reform Vietnam: Glocalization or Homogenization?Hong-Kong Nguyen - 2020 - SocArXiv Papers.
    This essay re-examines the global beauty culture and ideals as established by the West and continually re-imagined worldwide through three primary lenses of race, gender, and political economy. Based on this understanding, it then delves into how the beauty culture in Vietnam has been shaped and transformed since the country conducted economic reforms in 1986 and has become more integrated into the global economy today.
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  26.  40
    Probing Vietnam’s Legal Prospects in the South China Sea Dispute.Hong Kong To Nguyen, Manh-Tung Ho & Quan-Hoang Vuong - 2021 - Asia Policy 16 (3):105-132.
    Although most Asian states are signatories to UNCLOS, which offers options for dispute resolution by either voluntary or compulsory processes, in reality fewer than a dozen Asian states have taken advantage of such an approach. The decision to adopt third-party mechanisms comes under great scrutiny and deliberation, not least because of the entailing legal procedures and the politically sensitive nature of disputes. Vietnam claims the second-largest maritime area in the South China Sea dispute after China. A comparison of two recent (...)
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  27.  74
    Vietnam’s Low-Cost COVID-19 Strategy.Hong-Kong Nguyen - 2020 - Project Syndicate 2020 (4):1-6.
    Tightened border controls, agile health departments, tech platforms, and a hand-washing song that went viral have added up to a frugal but highly effective response to the threat of COVID-19. The country's success provides a model that other developing and emerging economies should follow.
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  28. "Cultural Additivity" and How the Values and Norms of Confucianism, Buddhism, and Taoism Co-Exist, Interact, and Influence Vietnamese Society: A Bayesian Analysis of Long-Standing Folktales, Using R and Stan.Quan-Hoang Vuong, Manh-Tung Ho, Viet-Phuong La, Dam Van Nhue, Bui Quang Khiem, Nghiem Phu Kien Cuong, Thu-Trang Vuong, Manh-Toan Ho, Hong Kong T. Nguyen, Viet-Ha T. Nguyen, Hiep-Hung Pham & Nancy K. Napier - manuscript
    Every year, the Vietnamese people reportedly burned about 50,000 tons of joss papers, which took the form of not only bank notes, but iPhones, cars, clothes, even housekeepers, in hope of pleasing the dead. The practice was mistakenly attributed to traditional Buddhist teachings but originated in fact from China, which most Vietnamese were not aware of. In other aspects of life, there were many similar examples of Vietnamese so ready and comfortable with adding new norms, values, and beliefs, even contradictory (...)
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  29.  37
    Researchers Who Lead the Trends.Xuan-Hung Doan, Phuong-Tram T. Nguyen, Viet-Phuong La & Hong-Kong T. Nguyen - 2019 - In Quan-Hoang Vuong (ed.), The Vietnamese Social Sciences at a Fork in the Road. Warsaw, Poland: De Gruyter / Sciendo. pp. 98-120.
    Xuan-Hung Doan, Phuong-Tram T. Nguyen, Viet-Phuong La, Hong-Kong T. Nguyen (2019). Chapter 5. Researchers who lead the trends. In Quan-Hoang Vuong, Trung Tran (Eds.), The Vietnamese Social Sciences at a Fork in the Road (pp. 98–120). Warsaw, Poland: De Gruyter. DOI:10.2478/9783110686081-010 -/- Online ISBN: 9783110686081 © 2019 Sciendo.
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  30. The Trilemma of Sustainable Industrial Growth: Evidence From a Piloting OECD’s Green City.Quan-Hoang Vuong, Ho Manh Tung, Nguyen To Hong Kong & Nguyen Minh Hoang - 2019 - Palgrave Communications 5:156.
    Can green growth policies help protect the environment while keeping the industry growing and infrastructure expanding? The City of Kitakyushu, Japan has actively implemented eco-friendly policies since 1967 and recently inspired the pursuit of sustainable development around the world, especially in the Global South region. However, empirical studies on the effects of green growth policies are still lacking. This study explores the relationship between road infrastructure development and average industrial firm size with air pollution in the city through the Environmental (...)
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  31. Which Emotional Behaviors Are Actions?Jean Moritz Müller & Hong Yu Wong - forthcoming - In Andrea Scarantino (ed.), Routledge Handbook of Emotion Theory. New York City, New York, USA:
    There is a wide range of things we do out of emotion. For example, we smile with pleasure, our voices drop when we are sad, we recoil in shock or jump for joy, we apologize to others out of remorse. It is uncontroversial that some of these behaviors are actions. Clearly, apologizing is an action if anything is. Things seem less clear in the case of other emotional behaviors. Intuitively, the drop in a sad person’s voice is something that happens (...)
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  32. Regularity Reformulated.Weng Hong Tang - 2012 - Episteme 9 (4):329-343.
    This paper focuses on the view that rationality requires that our credences be regular. I go through different formulations of the requirement, and show that they face several problems. I then formulate a version of the requirement that solves most of, if not all, these problems. I conclude by showing that an argument thought to support the requirement as traditionally formulated actually does not; if anything, the argument, slightly modified, supports my version of the requirement.Send article to KindleTo send this (...)
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  33. CARE Rapid Gender Analysis for COVID-19 VIETNAM.Le Thi Hong Giang & Ngo Thi Thanh Huong - unknown
    Vietnam reported its first known case of COVID-19 on 23 January 2020. As of 19 May, the country had 324 confirmed cases, with 263 recoveries and no deaths. In Vietnam, COVID-19 presents a range of contextual challenges including high numbers of migrant workers, high numbers of employees in the garment industry, many people working in the informal sector, and linguistically and culturally diverse ethnic minorities. The impacts of COVID-19 on vulnerable groups, such as migrant workers, informal workers, garment factory workers, (...)
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  34. CARE Rapid Gender Analysis for COVID-19.Le Thi Hong Giang & Ngo Thi Thanh Huong - 2020 - Hanoi, Vietnam: CARE International in Vietnam.
    Vietnam reported its first known case of COVID-19 on 23 January 2020. As of 19 May, the country had 324 confirmed cases, with 263 recoveries and no deaths. In Vietnam, COVID-19 presents a range of contextual challenges including high numbers of migrant workers, high numbers of employees in the garment industry, many people working in the informal sector, and linguistically and culturally diverse ethnic minorities. The impacts of COVID-19 on vulnerable groups, such as migrant workers, informal workers, garment factory workers, (...)
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  35. A challenge to the new metaphysics: deRosset, Priority, and explanation.David Fisher, Hao Hong & Timothy Perrine - 2021 - Synthese 198 (7):6403-6433.
    Priority Theory is an increasingly popular view in metaphysics. By seeing metaphysical questions as primarily concerned with what explains what, instead of merely what exists, it promises not only an interesting approach to traditional metaphysical issues but also the resolution of some outstanding disputes. In a recent paper, Louis deRosset argues that Priority Theory isn’t up to the task: Priority Theory is committed to there being explanations that violate a formal constraint on any adequate explanation. This paper critically examines deRosset’s (...)
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  36.  55
    CIDO: The Community-Based Coronavirus Infectious Disease Ontology.Yongqun He, Hong Yu, Edison Ong, Yang Wang, Yingtong Liu, Anthony Huffman, Hsin-hui Huang, Beverley John, Asiyah Yu Lin, Duncan William D., Sivaram Arabandi, Jiangan Xie, Junguk Hur, Xiaolin Yang, Luonan Chen, Gilbert S. Omenn, Brian Athey & Barry Smith - 2021 - Proceedings of the 11th International Conference on Biomedical Ontologies (ICBO) and 10th Workshop on Ontologies and Data in Life Sciences (ODLS).
    Current COVID-19 pandemic and previous SARS/MERS outbreaks have caused a series of major crises to global public health. We must integrate the large and exponentially growing amount of heterogeneous coronavirus data to better understand coronaviruses and associated disease mechanisms, in the interest of developing effective and safe vaccines and drugs. Ontologies have emerged to play an important role in standard knowledge and data representation, integration, sharing, and analysis. We have initiated the development of the community-based Coronavirus Infectious Disease Ontology (CIDO). (...)
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  37.  34
    An Overview of the Hong Kong Philosophy Café’s Legacy: The Public Impact of Eighteen Years of Free Philosophical Discourse.Stephen R. Palmquist - 2017 - Journal of Humanities Therapy 8 (2):75-111.
    After tracing the historical origin of philosophy cafés, as part of the worldwide philosophical practice movement, this article explains how the Hong Kong Philosophy Café was founded and describes a typical meeting. During its first year of existence, an Executive Committee was formed, which oversaw the setting up of eight different branches over the next ten years. Following sections that describe the work of the Executive Committee and the distinctive features of eight different branches, the article concludes with a (...)
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  38. Chức Năng Quản Lý Kinh Tế Của Nhà Nước Cộng Hòa Xã Hội Chủ Nghĩa Việt Nam.NGUYỄN HỒNG SƠN - 2019 - Dissertation, Học Viện Chính Trị Quốc Gia Hồ Chí Minh
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  39.  57
    Brief Information on the Doctoral Thesis Governing Function of the Socialist Republic of Viet Nam.Nguyen Hong Son - 2019 - Dissertation, Ho Chi Minh National Academy of Politics
    The study systematically reviewed research related to the research topic, illustrated problems that have been studied and identified new, arising issues of the economic management function of the state in Vietnam that need to be researched and addressed now and in the future.
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  40. Economic Management Function of the State of the Socialist Republic of Vietnam.Nguyen Hong Son - 2019 - Dissertation, Ho Chi Minh National Academy of Politics
    Mankind history has recorded the birth, development, survival struggle, and decline of various forms of states. Along with that process, the role and function of the State in socio-economic development have been strongly highlighted, represented not only social classes but also the characteristics of institutions, structures, and organizations of society in each period, and in accordance with the development of human cognition. The state in a socialist-oriented market economy has similar connotations and differences in comparison with states in general. However, (...)
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  41. 上下文感知的移动社交网络推荐算法研究.Zhijun Zhang & Hong Liu - 2015 - 模式识别与人工智能 28 (5):404-410.
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  42.  28
    An Economic Examination of Collateralization in Different Financial Markets.Tim Xiao - manuscript
    This paper attempts to assess the economic significance and implications of collateralization in different financial markets, which is essentially a matter of theoretical justification and empirical verification. We present a comprehensive theoretical framework that allows for collateralization adhering to bankruptcy laws. As such, the model can back out differences in asset prices due to collateralized counterparty risk. This framework is very useful for pricing outstanding defaultable financial contracts. By using a unique data set, we are able to achieve a clean (...)
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  43.  29
    An Efficient Lattice Algorithm for the Libor Market Model.Tim Xiao - 2011 - Journal of Derivatives 19 (1):25-40.
    The LIBOR Market Model has become one of the most popular models for pricing interest rate products. It is commonly believed that Monte-Carlo simulation is the only viable method available for the LIBOR Market Model. In this article, however, we propose a lattice approach to price interest rate products within the LIBOR Market Model by introducing a shifted forward measure and several novel fast drift approximation methods. This model should achieve the best performance without losing much accuracy. Moreover, the calibration (...)
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  44.  58
    A Simple and Precise Method for Pricing Convertible Bond with Credit Risk.Tim Xiao - 2013 - Journal of Derivatives and Hedge Funds 19 (4):259-277.
    This paper presents a new model for valuing hybrid defaultable financial instruments, such as, convertible bonds. In contrast to previous studies, the model relies on the probability distribution of a default jump rather than the default jump itself, as the default jump is usually inaccessible. As such, the model can back out the market prices of convertible bonds. A prevailing belief in the market is that convertible arbitrage is mainly due to convertible underpricing. Empirically, however, we do not find evidence (...)
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  45.  28
    Bilateral Defaultable Financial Derivatives Pricing and Credit Valuation Adjustment.Tim Xiao - manuscript
    The one-side defaultable financial derivatives valuation problems have been studied extensively, but the valuation of bilateral derivatives with asymmetric credit qualities is still lacking convincing mechanism. This paper presents an analytical model for valuing derivatives subject to default by both counterparties. The default-free interest rates are modeled by the Market Models, while the default time is modeled by the reduced-form model as the first jump of a time-inhomogeneous Poisson process. All quantities modeled are market-observable. The closed-form solution gives us a (...)
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  46.  23
    Incremental Risk Charge Methodology.Tim Xiao - manuscript
    The incremental risk charge (IRC) is a new regulatory requirement from the Basel Committee in response to the recent financial crisis. Notably few models for IRC have been developed in the literature. This paper proposes a methodology consisting of two Monte Carlo simulations. The first Monte Carlo simulation simulates default, migration, and concentration in an integrated way. Combining with full re-valuation, the loss distribution at the first liquidity horizon for a subportfolio can be generated. The second Monte Carlo simulation is (...)
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  47.  49
    Is the Jump-Diffusion Model a Good Solution for Credit Risk Modeling? The Case of Convertible Bonds.Tim Xiao - 2015 - International Journal of Financial Markets and Derivatives 4 (1):1-25.
    This paper argues that the reduced-form jump diffusion model may not be appropriate for credit risk modeling. To correctly value hybrid defaultable financial instruments, e.g., convertible bonds, we present a new framework that relies on the probability distribution of a default jump rather than the default jump itself, as the default jump is usually inaccessible. As such, the model can back out the market prices of convertible bonds. A prevailing belief in the market is that convertible arbitrage is mainly due (...)
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  48.  10
    孟子的性之伦理学中的几个关键概念 (Mencius's Nature-Ethics).Yang Xiao - 2018 - In Bulletin of the Zhejiang University Institute for Advanced Study. Zhejiang University Institute for Advanced Study. pp. 4 - 48.
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  49.  22
    Pricing Financial Derivatives Subject to Multilateral Credit Risk and Collateralization.Tim Xiao - manuscript
    This article presents a new model for valuing financial contracts subject to credit risk and collateralization. Examples include the valuation of a credit default swap (CDS) contract that is affected by the trilateral credit risk of the buyer, seller and reference entity. We show that default dependency has a significant impact on asset pricing. In fact, correlated default risk is one of the most pervasive threats in financial markets. We also show that a fully collateralized CDS is not equivalent to (...)
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  50.  24
    Rediscovering Republicanism in China: Beyond the Debate Between New Leftists and Liberals.Yang Xiao - 2003 - Contemporary Chinese Thought 34 (3):18-34.
    Lack of a historical sense is the hereditary defect of philosophers. … So what is needed from now on is historical philosophizing, and with it the virtue of modesty.
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